EU's pledge for $250 billion of US energy imports is delusional
EU's pledge for $250 billion of US energy imports is delusional
www.reuters.com
reuters.com
14 comments
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It's a "pledge", so basically totally meaningless.
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Some more points are delusional imho. I raised in another thread on this topic that the EU-US deal includes $600bn of EU investments in the US. Trump made a similar deal with Japan. But the point is that neither Japan nor the EU will invest, but rather private companies there are expected to do so. It is to be seen whether they really do it. They can decide to invest or not. There is either another agenda I don't see or the clause is just ink on paper.
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I'm sure some company will build an empty frame somewhere in Wyoming, promising that it'll be some kind of megafactory, and it'll just sit there, full of empty promises, just like similar "investments".
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Shhh… don’t make the Trump administration realize how worthless the investment or energy deal is. Meanwhile, me and pretty much all friends and family around me already boycott products from the US.
Edit: But yes, the tariffs suck and will impact both us not-rich in the EU as well as in the US. And trading more with China is not a goal. Good thing we’re looking for better connections with other nations outside the union. Sad that malevolent interests ruin our democracies and economies.
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Why "pledge"? Call it memorandum. At least Ukrainians might chuckle a bit...
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What happens when the inevitable failure is realised? Perhaps the EU is hoping for the same outcome as China did with the first trade war with Trump in 2019.
Can somebody brief me what happened in 2019, and what was the deal with China?
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It's mentioned earlier in the article. China promised/agreed 200$ bn, but never came close, and didn't reach import levels from before the trade war.
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Got it. But China did it one year before the end of the term, much smarter...
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Biden won the election.
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It's only a delusion if they believe it.
14 comments
The whole world is just jumping through hoops and biding their time until Emperor Moneyman is gone.
Perhaps, but if everyone is correct and he's a symptom of much bigger issues, then holding out might be a huge waste of time.
Meh, I used to say the same. But keep in mind, Trump is a cult leader, no one can fill his shoes. One commenter on here speculated that the MAGA backlash about the Epstein files was giving some supporters a valid excuse to jump ship.
In any case, no one is stepping into Trump's shoes. Can you imagine someone like Vance commanding the type of blind obedience Trump gets?